Hyperliquid Whales still hold 10%of Jelly Memecoin after exploitation of $ 6.2 million.
According to blockchain analysts, the cryptocurrency hyperclicer manipulates the award of Jelly My Jelly (Jelly) Memecoin, according to Blockchain Analysts, according to Blockchain Analysts.
Unidentified whales have gained at least $ 66 million in the liquidation parameters of hyper liquids.
According to a post report from the Blockchain Intelligence Firm Arkham, the whale opened three large transactions in five minutes. Two long and $ 1.9 million long positions and $ 4.1 million short positions have been effectively offset.
source: Arkham
When the jelly price rose 400%, the short position of $ 4 million was not cleared immediately due to its size. Instead, it was absorbed by the hyper liquid provider Vault (HLP) designed to clear the large position.
relevant: PolyMarket is facing an investigation into more than $ 7 million Ukrainian mineral trading betting.
According to the blockchain investigator ZACHXBT, in a more problematic revelation, a company still has about $ 2 million token supply.
“The five addresses related to the entity that manipulated the jelly in the hyperklicade still holds 10%of the jelly supply of Solana (1.9m+). All Jells have been purchased since March 22, 2025.”
Despite the freezing freezing, the company continued to sell tokens, listed Memecoin, and quoted “evidence of suspicious market activities” related to trading tools.
The collapse of Jelly token is the latest in a series of Memecoin Scandals and internal systems that want to take advantage of investor hypertrophy.
source: Bubble Lab
This exploit occurred in two weeks after Memecoin’s wolf (official Melania Meme) and Libra (Libra) token co -producers, inspired by Wall Street, fell more than 99% after 80% of the rich supply.
Wolf/Sol, market cap, 1 hour chart. source: Dex screen
relevant: Polymarket whales increase the chance of Trump and cause operation problems.
Jelly Memecoin Meltdown Lesson: “Excessive Advertising without Basic”
According to Alvin KAN, the chief operating officer of Bitget Wallet, “Jelly’s case reminds me of a clear that there is no supervision without a foundation.
KAN added to Cointelewraph as follows:
“Projects based on guess, not utility, will continue to be exposed in a market where capital is fast and unforgivable.”
The response of the hyperklicade causes short -term damage, while similar arbitration blurs the boundary between the distributed spirit and the centralized control, so that further questions about dispersion.
Hyper Foundation, a hyperliquid Ecosystem Nonprofit, “automatically repay” to most users who are affected by the loss related to events, except for the address belonging to the Exploiter.
https://www.youtube.com/watch?v=3dayench-2is
magazine: Memecoins is DED. However, despite the sharp drop in Solana ‘100x’
